Showing posts with label EZchip. Show all posts
Showing posts with label EZchip. Show all posts

Thursday, November 12, 2015

EZChip Postpones Vote on Acquisition by Mellanox

At the request of Mellanox Technologies, EZChip is postponing the date for its shareholders to vote on the current acquisition agreement by Mellanox. The vote had be scheduled for November 12.

Mellanox has proposed a waiver of its merger termination fee and a 30-day go-shop period under which EZChip could solicit third party offers.

Mellanox also reaffirmed its "full, fair and firm" offer of $25.50 per EZchip share, which represents a premium of 16% over the closing price of EZchip shares on September 29, 2015 (the last trading day prior to the public announcement) and a 33% premium and 31% premium over the volume-weighted average closing prices of EZchip shares over the 12-month and 3-month period prior to the public announcement of the transaction.  

http://www.mellanox.com/page/press_release_item?id=1628

Mellanox to Acquire EZchip

Mellanox Technologies agreed to acquire EZchip, a supplier of network processors and embedded CPUs for carrier and data center networks, for a cash purchase price of $25.5 per share, implying a transaction value of approximately $811 million (approximately $620 million net of cash).

EZchip’s silicon portfolio of solutions includes network processors, multi-core processors, intelligent network adapters, and high-performance appliances with a comprehensive software ecosystem, that scale to terabit performance levels. The company has expertise in security, deep packet inspection, video, and storage processing. EZChip is based in Yokneam, Israel. Eli Fruchter has served as CEO since the company's inception in May 1999

Mellanox said the EZchip acquisition is a step in its strategy to become the leading broad-line supplier of intelligent interconnect solutions for the software-defined data centers.

“The synergies between EZchip and Mellanox create attractive opportunities. We expect our combined technologies, and product portfolios to deliver leading end-to-end intelligent interconnect and processing solutions to data centers and wide area networks,” said Eyal Waldman, president and CEO of Mellanox Technologies.

“Joining forces with Mellanox represents numerous synergies that create a true powerhouse for connectivity and processing. With Mellanox's leading layer 1 - 3 connectivity solutions for data centers and EZchip's leading layer 3 – 7 processing solutions for carrier networks, the two companies complement each other in technology, products, markets served and customers. Together, we enable a multitude of layer 1 through 7 solutions for data centers and carriers,” said Eli Fruchter, CEO of EZchip.

The combined businesses currently have approximately 2,400 employees, and have generated combined revenues of $668 million for the twelve months ended June 30, 2015.

http://ir.mellanox.com
http://www.ezchip.com

Wednesday, September 30, 2015

Mellanox to Acquire EZchip

Mellanox Technologies agreed to acquire EZchip, a supplier of network processors and embedded CPUs for carrier and data center networks, for a cash purchase price of $25.5 per share, implying a transaction value of approximately $811 million (approximately $620 million net of cash).

EZchip’s silicon portfolio of solutions includes network processors, multi-core processors, intelligent network adapters, and high-performance appliances with a comprehensive software ecosystem, that scale to terabit performance levels. The company has expertise in security, deep packet inspection, video, and storage processing. EZChip is based in Yokneam, Israel. Eli Fruchter has served as CEO since the company's inception in May 1999

Mellanox said the EZchip acquisition is a step in its strategy to become the leading broad-line supplier of intelligent interconnect solutions for the software-defined data centers.

“The synergies between EZchip and Mellanox create attractive opportunities. We expect our combined technologies, and product portfolios to deliver leading end-to-end intelligent interconnect and processing solutions to data centers and wide area networks,” said Eyal Waldman, president and CEO of Mellanox Technologies.

“Joining forces with Mellanox represents numerous synergies that create a true powerhouse for connectivity and processing. With Mellanox's leading layer 1 - 3 connectivity solutions for data centers and EZchip's leading layer 3 – 7 processing solutions for carrier networks, the two companies complement each other in technology, products, markets served and customers. Together, we enable a multitude of layer 1 through 7 solutions for data centers and carriers,” said Eli Fruchter, CEO of EZchip.

The combined businesses currently have approximately 2,400 employees, and have generated combined revenues of $668 million for the twelve months ended June 30, 2015.

http://ir.mellanox.com
http://www.ezchip.com


EZchip to Acquire Tilera for its Multi-Core Processors


EZchip Semiconductor will Tilera Corporation, a developer of high-performance multi-core processors, up to $130 million in cash.  The deal includes $50 million at closing and up to an additional $80 million is payable subject to the attainment of certain future performance milestones. Tilera, which is based in San Jose, California, offers a line of multi-core processors, network interface cards and white-box appliances for data center networking...


Monday, February 23, 2015

EZchip's TILE-Mx100 Processors Targets 100 64-bit ARM CPU Cores

EZchip Semiconductor announced plans for a TILE-Mx multicore processor that will integrate one hundred ARMv8-A 64-bit cores, a highly efficient mesh for linear scaling of the interconnected cores, and accelerators for packet processing on a single chip.  The company aims to sample the TILE-Mx in the second half of 2016.  Smaller versions with 64 and 36 cores will also be offered.

The new processor, which leverages technology acquired from Tilera, is being designed for high-performance network applications and network functions virtualization (NFV). EZChip said its TILE-Mx will use a unique mesh architecture with coherent cache and massive bandwidth that provides linear scaling of application performance. EZchip's hardware-based accelerators include a traffic manager featuring 256K queues with traffic shaping, policing and SLA (Service Level Agreements) enforcement, hardware accelerated packet classification and table lookups for millions of flows, statistics updating for millions of counters, pattern matching, cryptography and public-key acceleration. In addition, the chip will boast an optimized memory architecture with extremely high bandwidth to both the internal and external memories, and numerous interfaces for 1GE, 10GbE, 25GbE, 40GbE, 50GbE and 100-Gigabit Ethernet as well as PCI-Express.

"We are bringing to the market a new type of highly differentiated multicore processor, leveraging the best from EZchip's and Tilera's technologies, and specifically architected to address the next generation of high-performance data center, cloud and carrier networks," said Eli Fruchter, CEO of EZchip. "The combination of EZchip's and Tilera's market-proven leading technologies enables us to develop a new multicore processors family that uniquely integrate powerful networking capabilities together with the highest number of processor cores to address a wide range of applications and market segments. While our NPU portfolio and, in particular, the new NPS is the highest performance merchant NPU, we expect the TILE-Mx to be the highest performance multicore CPU. As we have accomplished in the NPU market, we believe that through the strongly differentiated technology that we are now developing we will dramatically increase our share in the multicore market in coming years and become a leader in the multicore CPU market."


http://www.ezchip.com/News/PressRelease/?ezchip=97

In July 2014, EZchip Semiconductor agreed to acquire Tilera Corporation, a developer of high-performance multi-core processors, up to $130 million in cash.  The deal includes $50 million at closing and up to an additional $80 million is payable subject to the attainment of certain future performance milestones.

Tilera, which is based in San Jose, California, offers a line of multi-core processors, network interface cards and white-box appliances for data center networking equipment.

At the high end, Tilera's TILE-Gx8072 Processor includes 72 identical processor cores (tiles) interconnected with the company's iMesh on-chip network. Each tile consists of a 64-bit processor core as well as L1 and L2 cache and a non-blocking Terabit/sec switch that connects the tiles to the mesh and provides full cache coherence among all the cores. The company offers smaller versions with 9- 16, and 36-cores. Tilera offers its own line of accelerator cards based on its processors, as well as two 1RU appliances.

Monday, October 6, 2014

EZchip Lowers Guidance Citing Weaker Carrier Spending

EZchip Semiconductor trimmed its financial guidance for the third fiscal quarter of 2014, saying it now expects revenue to be in the range of $19 million, approximately 14% lower than the $22 million range guidance previously provided.

“In the third quarter of 2014 we have seen weakness in orders as well as inventory adjustments across most of our key customers that are serving the carrier networking equipment space. We believe this is a temporary slowdown, caused primarily by a weaker carrier spending environment that the market is currently going through,” said Eli Fruchter, CEO of EZchip Semiconductor. “Looking further out, carrier spending is forecasted to resume growth and with it our corresponding sales into this market. Concurrently, we are making good progress with our NPS which expands our reach to new markets, primarily data centers, NFV and SDN. Our pending acquisition of Tilera, which is expected to close during Q4, subject to US regulatory approvals, will further diversify the market segments and customers we serve and provide additional growth opportunities.”

http://www.ezchip.com

Tuesday, July 1, 2014

EZchip to Acquire Tilera for its Multi-Core Processors

EZchip Semiconductor will acquire Tilera Corporation, a developer of high-performance multi-core processors, up to $130 million in cash.  The deal includes $50 million at closing and up to an additional $80 million is payable subject to the attainment of certain future performance milestones.

Tilera, which is based in San Jose, California, offers a line of multi-core processors, network interface cards and white-box appliances for data center networking equipment.

At the high end, Tilera's TILE-Gx8072 Processor includes 72 identical processor cores (tiles) interconnected with the company's iMesh on-chip network. Each tile consists of a 64-bit processor core as well as L1 and L2 cache and a non-blocking Terabit/sec switch that connects the tiles to the mesh and provides full cache coherence among all the cores. The company offers smaller versions with 9- 16, and 36-cores. Tilera offers its own line of accelerator cards based on its processors, as well as two 1RU appliances.

EZchip said Tilera complements its own portfolio.  EZchip’s next generation NPU family, the NPS, is targeting carrier edge routers as well as data center networking equipment.   For these markets, the NPS brings very high performance data-plane packet processing. Unlike the use cases for multi-core CPUs, the systems that use high-speed NPUs such as the NPS are high-end systems in which the data-plane is separate from the control-plane. In these high-end systems the control-plane is typically performed on a separate general purpose CPU.

EZchip currently expects the acquisition to be neutral to slightly dilutive in 2014 and accretive in 2015 to earnings per share on a non-GAAP basis. Following the closing, Devesh Garg, the CEO of Tilera, will serve as EZchip’s President in charge of all US operations.

“We welcome the Tilera team to the EZchip family. The addition of a multi-core product portfolio to EZchip expands and diversifies our product offerings and addressable markets. While our NPU portfolio and in particular our new NPS targets high-end carrier and data center equipment in which a high-performance data-plane only NPU is required, the Tilera multi-core CPUs address a wide range of data-center systems in which both data-plane and control-plane run on the multi-core CPU,” said Eli Fruchter, CEO of EZchip Semiconductor. “Furthermore, the combination of EZchip’s and Tilera’s market-proven leading technologies, in particular EZchip’s networking expertise and Tilera’s multi-core expertise, will enable us to develop new multi-core CPUs that uniquely integrate powerful networking capabilities with the highest number of processor cores addressing a wide range of applications and market segments.”

http://www.ezchip.com
http://www.tilera.com


  • Tilera was founded in March 2005 and launched its first silicon product in August 2007.
  • In January 2011, Tilera announced a $45 million round of funding, including investment from WestSummit Capital Management and Comerica Bank in addition to existing investors Walden International, Bessemer Venture Partners and Columbia Capital. Cisco Systems and Samsung Venture Investment Co. also participated, joining Tilera’s previous strategic investors: Broadcom, NTT Finance, VentureTech Alliance, and Quanta Computer.
  • In March 2010, Tilera raised $25 million in Series C funding, including from Broadcom, Quanta Computer and NTT Financing.  This brought total funding in the company to $64 million.

See also